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Euphoria Warning Investors now seem almost obsessed on when the Dow Jones Industrial Average will pass through 13,000. That’s an interesting tidbit for those in search of sound bites but it is both inevitable and of only passing significance. Like the breaking of the four-minute...

Is The Crisis Over? Our political system stretched but did not snap. The consequences of the recent debt ceiling legislation are probably not as disastrous as some predict; predictions made in the heat of the moment” usually exceed consequences. The real damage is to public...